Notably, it appears more families are entering the market as the economy improves. Although still elevated in comparison to long-term averages, the share of absentee buyers — mostly investors — slid to 21.1%, the lowest percentage since April 2010, CoreLogic said.

“This is the real recovery,” Christopher Thornberg, founding partner of Beacon Economics, said of a market where increasingly buyers actually want to live in the houses they purchase. “The last was the investor recovery.”

Sustained job growth has given more people the confidence to buy houses, CoreLogic analyst Andrew LePage said.

The housing market improvement extends nationally, with sales of previously owned homes up in May to the highest pace in nearly six years, partly because more first-time buyers entered the market, according to data from the National Assn. of Realtors.

One factor driving deals is an expected decision from the Federal Reserve to raise its short-term interest rate later this year, real estate agents say.

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Beautiful! remodel 3 bedrooms 2 baths home in Menifee, (Quail Valley area)the open floor plan invites you to enjoy the living room with a fireplace and the beautiful Kitchen with new appliances and quartz counter tops, Laminate flooring throughout. The sliding door invites you to the back deck to enjoy sitting and relaxing in the evenings. Outside and inside has been freshly painted with neutral colors ready for your final touch.
It has a one car garage and laundry hookups. Conveniently close to shopping centers and easy access to I-15and I-215

Based on information from California Regional Multiple Listing Service, Inc. as of 2019-01-21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.